Centaurus Financial Inc. Increases Stake in Realty Income Co. (NYSE:O)

Centaurus Financial Inc. boosted its stake in Realty Income Co. (NYSE:OGet Rating) by 2.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,705 shares of the real estate investment trust’s stock after purchasing an additional 536 shares during the period. Centaurus Financial Inc.’s holdings in Realty Income were worth $1,205,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Panagora Asset Management Inc. grew its position in shares of Realty Income by 33.7% in the 1st quarter. Panagora Asset Management Inc. now owns 25,505 shares of the real estate investment trust’s stock worth $1,767,000 after buying an additional 6,433 shares during the last quarter. Blair William & Co. IL grew its position in shares of Realty Income by 1.9% in the 1st quarter. Blair William & Co. IL now owns 18,695 shares of the real estate investment trust’s stock worth $1,296,000 after buying an additional 345 shares during the last quarter. Prudential PLC bought a new stake in shares of Realty Income in the 1st quarter worth approximately $592,000. Baird Financial Group Inc. grew its position in shares of Realty Income by 8.2% in the 1st quarter. Baird Financial Group Inc. now owns 115,733 shares of the real estate investment trust’s stock worth $8,020,000 after buying an additional 8,803 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of Realty Income by 5.6% in the 1st quarter. NewEdge Advisors LLC now owns 31,334 shares of the real estate investment trust’s stock worth $2,171,000 after buying an additional 1,671 shares during the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BNP Paribas started coverage on Realty Income in a research report on Tuesday, January 17th. They issued a “neutral” rating and a $72.00 price objective on the stock. Royal Bank of Canada upped their price objective on Realty Income from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, February 23rd. Mizuho decreased their price objective on Realty Income from $69.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, March 9th. StockNews.com started coverage on Realty Income in a report on Thursday. They issued a “sell” rating on the stock. Finally, Raymond James downgraded Realty Income from an “outperform” rating to a “market perform” rating in a report on Monday, January 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Realty Income has a consensus rating of “Hold” and an average price target of $72.00.

Realty Income Trading Down 1.0 %

Shares of Realty Income stock opened at $62.43 on Friday. The stock has a market cap of $41.24 billion, a P/E ratio of 43.96, a P/E/G ratio of 5.16 and a beta of 0.79. The stock’s 50 day simple moving average is $65.68 and its 200-day simple moving average is $63.87. Realty Income Co. has a 1-year low of $55.50 and a 1-year high of $75.40. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.85 and a quick ratio of 1.85.

Realty Income (NYSE:OGet Rating) last released its quarterly earnings data on Tuesday, February 21st. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.62). Realty Income had a net margin of 26.00% and a return on equity of 3.14%. The business had revenue of $888.65 million during the quarter, compared to analyst estimates of $840.57 million. During the same quarter in the prior year, the company posted $0.94 earnings per share. The company’s revenue was up 29.7% on a year-over-year basis. Analysts predict that Realty Income Co. will post 4.09 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a mar 23 dividend, which will be paid on Friday, April 14th. Shareholders of record on Monday, April 3rd will be given a $0.255 dividend. This is a positive change from Realty Income’s previous mar 23 dividend of $0.25. The ex-dividend date is Friday, March 31st. This represents a yield of 4.8%. Realty Income’s payout ratio is presently 214.79%.

Realty Income Profile

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Realty Income Corp. is a real estate company, which engages in generating dependable monthly cash dividends from a consistent and predictable level of cash flow from operations. The company was founded by William E. Clark, Jr. and Evelyn Joan Clark in 1969 and is headquartered in San Diego, CA.

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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